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You're amazing! Thank you for commenting. Thank you!
Trying until I thought someone else must've had this problem.
Thanks to whoever posted that fix. It stumped me for weeks.
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This is NOT abusive. I pressed this button by accident.It is spam / self promotion.It is offensive or harmful.It does not contain enough information.It contains or requests illegal information.It does not make sense.

You are 21 years old and start with 4 000 you invest it at 7 use the doubling time table to calculate the amount of money you will have at age 61 interest rate vs doubling time 5 14 years 7 10 years 9 8 years 11 6 years

"Insurance and taxes (and condo fees if you buy a condo..."

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Let`s work out some calculations and find out how much house you can afford the way the banks do it. Banks lend based on a 28 / 36 front end, back end debt ratio. You are allowed 28% to service your housing costs including; mortgage, insurance and taxes (and condo fees if you buy a condo) with 36% allowed to service all debt (think auto loan, student debts). In your case making 120000 per year you make $10000 per month. Makes the calculations easy to work out how much housing you can afford. To use 28% for housing means you have $2800 a month to spend. You will be looking for mortgage of roughly $2000 so you have the proper cushion to take care of taxes, and insurance costs. If you choose a 25 year amortization period and get a middle of the road interest rate like 5.5% you could finance 320000 with a monthly payment of $1,953.26. With 40K saved, this means you could buy a 360000 house making a 9% down payment. Honestly, if I was you I would save another 5% for a down payment and finance less just to give yourself a greater cushion on your finances each month. Or finance 250,000 - 275,000 only getting a house just over 300,000 if you don`t feel like saving a larger down payment.

"85 you will have $435,973 saved by retirement which will be able to fund..."

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In order to figure out how much you will have in retirement we need to make a few assumptions. Let`s assume you haven`t saved anything yet and that you will earn 6% on your income now and 4% after you retire. If you save 10% of your income from now until you retire when you are 65 and plan to live until you are 85 you will have $435,973 saved by retirement which will be able to fund a $40,000 a year lifestyle (if you include social security benefits) until you are 87. You will draw $21,000 annually from your savings with social security picking up the remainder of your lifestyle needs.

"Your money like 8% per year before retirement and 6% after you could fund..."

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With your same 105,000 a year salary if you could make a more aggressive return on your money like 8% per year before retirement and 6% after you could fund a $57,000 a year lifestyle saving 10% of your earnings per year with no savings to begin with, starting to save right now at 38 years of age. You would have $597,791 saved at retirement and your money would run out when you are 85. The $57,000 a year includes social security benefits.

"Able to make 6% annually on your investments until retirement and 4% after retirement..."

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If you can save 20% of your earnings you will be able to afford a $65,000 a year retirement with $871,946 saved when you retire. Your money would run out in your 85th year. This example also assumes you are able to make 6% annually on your investments until retirement and 4% after retirement as you move to more conservative investments.

Actually the dept rate depends on the property also on Cap rate.The Cap Rate is calculated by dividing the Net Operating Income (NOI) by the purchase price of the property. If the purchase price of the property is $1,000,000 and the most recent annual NOI for that property is $120,000 then (120,000/1,000,000 = 0.12 or 12%) the property has a Cap Rate of 12%.

"Would be better served with a balanced portfolio having that 40k earning you money..."

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Taking on a mortgage is a big commitment and can keep you immobile so make sure you are ready to jump in to housing before you do so. Perhaps you would be better served with a balanced portfolio having that 40K earning you money instead of being tied up in housing.

"And traders should understand that in volatile stock market conditions they should switch to..."

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Hey,
Visiting this blog is our real pleasure. Should like to thank admin for sharing such a useful information and starting this thread in addition to that we suggest traders not to panic when Nifty is in profit booking state. Investors and traders should understand that in volatile stock market conditions they should switch to swing trading.
Good Day
BUZZINGSTREET TEAM.

"Because you are receiving a pension you may not qualify for unemployment..."

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Its possible, but you need to check your state guide lines for receiving unemployment.. Because you are receiving a pension you may not qualify for unemployment and you dont want to have to pay that money back!

You are 21 years old and start with 4 000 you invest it at 7 use the doubling time table to calculate the amount of money you will have at age 61 interest rate vs doubling time 5 14 years 7 10 years 9 8 years 11 6 years

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